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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Mar. 31, 2022
OPERATING ACTIVITIES      
Net earnings $ 11,184,374 $ 11,311,797  
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:      
Depreciation 531,102 337,358  
Deferred taxes (15,362) (111,008)  
Compensation expense for restricted stock 73,153 121,704  
Change in postretirement benefits 2,746 2,186  
(Gain) loss recognized on open derivatives not designated for hedge accounting (686,640) 2,953,960  
Deferred realized gain (loss) on derivatives (1,450,919) (3,812,820)  
Forgiveness of Paycheck Protection Program Loan 0 (1,706,614)  
Decrease (increase) in operating assets, net of amounts acquired in business combination:      
Accounts receivable (40,809,423) (9,606,421)  
Inventories 21,613,081 (31,159,940)  
Federal income taxes recoverable 1,403,485 0  
Other current assets 584,045 233,347  
Increase (decrease) in operating liabilities, net of amounts assumed in business combination:      
Accounts payable and accrued expenses (17,283,626) 29,300,241  
Income taxes payable 1,576,267 2,167,025  
Contribution to retirement plan (75,000) 50,000  
Employee compensation and related expenses 2,008,143 2,037,042  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (21,344,574) 2,117,857  
INVESTING ACTIVITIES      
Purchase of property, plant and equipment (2,811,797) (2,756,265)  
Increase in cash surrender value of officers’ life insurance (3,463) (2,896)  
NET CASH USED IN INVESTING ACTIVITIES (74,535,468) (2,759,161)  
FINANCING ACTIVITIES      
Debt issuance cost (239,887) 0  
Cash dividends paid (147,442) (137,991)  
Cash paid for principal portion of finance lease (25,983) (25,486)  
Cash paid for share repurchases (29,268) 0  
Asset based lending facility proceeds 83,930,550 10,863,213  
NET CASH PROVIDED BY FINANCING ACTIVITIES 83,487,970 10,699,736  
INCREASE (DECREASE) IN CASH AND RESTRICTED CASH (12,392,072) 10,058,432  
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 16,121,518 20,192,486 $ 20,192,486
CASH AND RESTRICTED CASH AT END OF PERIOD 3,729,446 30,250,918 [1] $ 16,121,518
Plateplus Inc. [Member]      
INVESTING ACTIVITIES      
Plateplus business combination $ (71,720,208) $ 0  
[1] Cash and restricted cash at June 30, 2022 and March 31, 2022 included $1,320,670 and $13,523,416, respectively, of cash required to collateralize open derivative positions. These amounts are reported in "Other current assets" on the Company's consolidated balance sheets at June 30, 2022 and March 31, 2022. The Company had $29,360,060 in restricted cash at June 30, 2021.